US Treasury Yields Rise After Jobs Report

2026-04-03 12:50 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note rose to 4.35% in a shortened session on Friday, moving further away from two-week lows reached earlier in the week, following a stronger-than-expected jobs report.

The US economy added 178K jobs in March, nearly three times market forecasts of 60K while the unemployment rate edged down to 4.3% and wage growth slowed.

The data reinforced expectations that the Fed will keep the federal funds rate unchanged this year.

Investors also continued to assess developments in the Middle East.

US President Trump intensified his rhetoric against Iran, threatening to target the country’s infrastructure, including bridges and power plants, while Iran reportedly struck additional sites in Arab Gulf states.

Elevated energy prices are fuelling concerns about a potential inflationary spiral.

Trading volumes are expected to remain light due to the Good Friday holiday, with US equity markets closed and bond markets operating on a shortened schedule.



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